allianz
Non-unicorn insurtech Luko urgently needs a buyer, but will it be Allianz?
Luko’s parent company, Demain ES, will be put for sale via a legal notice in the newspaper after Admiral abandoned ship.
Many companies are saying that they don’t take climate change seriously enough to fully understand — and disclose — their own impact on it.
Faye hopes to do for travel insurance what Lemonade did for general insurance
While (former) startups like Lemonade came along to attack the tired world of insurance, the travel insurance market is now coming in for the same treatment from the likes of…
TLcom Capital targets $150M for its second fund to invest in 20 African startups
TLcom Capital, the Africa-focused venture capital firm known to have made bets on Andela and Twiga, is raising $150 million for its second fund targeted at making early- and late-stage…
Ladder raises $100M on a $900M valuation for a platform selling flexible term life insurance
Life insurance has had a new lease on life in the era of insuretech, and today one of the companies building a business out of rethinking everything — from target…
Allianz backs AV8 Ventures’ second fund focused on AI technologies
AV8 supports entrepreneurs developing artificial intelligence-driven technologies in the areas of health, mobility, enterprise and deep-tech.
Gaia Capital Partners in Paris rebrands as Revaia, closes first €250M growth fund
Paris-based VC fund Gaia Capital Partners has change its name to Revaia and announced the final closing of its first growth fund, at €250 million. The firm said it exceeded…
Testing platform Tricentis acquires performance testing service Neotys
If you develop software for a large enterprise company, chances are you’ve heard of Tricentis. If you don’t develop software for a large enterprise company, chances are you haven’t. The…
Pie Insurance raises $118M for data-driven workers’ comp coverage
Pie Insurance, a startup offering workers’ compensation insurance to small businesses, announced this morning that it has closed on $118 million in a Series C round of funding. Allianz X…
Microsoft and SAS announce deep technology partnership
Microsoft and SAS, the privately held enterprise data management and analytics company (and not the airline), today announced a far-reaching partnership that will see Microsoft’s Azure become SAS’s preferred cloud,…
Tictrac secures $7.5M to expand employee wellbeing platform as WFH balloons
“Employee Wellbeing” SaaS platforms have been around for some time. Both regulation and increasing stress levels and health problems in the workplace have fed the rise of this sector of…
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Essential tools for today’s digital nomad
There could be as many as 1 billion remote workers by 2035, but the world isn’t ready for the digital nomad movement.
The government of Rwanda will soon issue national policy guidelines to eliminate gas motorcycles in its taxi sector in favor of e-motos. The country’s president, Paul Kagame, previewed the plan…
When it comes to VC, vehicles, and startups, Africa’s ride-hail markets are becoming a multi-wheeled and global affair. The big players such as Uber and Bolt are competing in Kampala…
InDriver launches ride-hail app in fourth African country, Uganda
Global ride-hail startup InDriver launches its app-based service in Kampala (Uganda) this week. After going live in Nairobi in June, the online taxi company now operates in four African countries:…
MAX.ng raises $7M round backed by Yamaha and pilots EVs in Nigeria
Nigerian motorcycle transit startup MAX.ng has raised a $7 million funding round led by Novastar Ventures, with participation from Japanese manufacturer Yamaha. Based in Lagos, the company’s app-based platform coordinates…
Nigeria’s Gokada raises $5.3M round for its motorcycle ride-hail biz
In many large cities across Africa, motorcycle taxis are as common as yellow cabs in New York. That includes Lagos, Nigeria, where ride-hail startup Gokada has raised a $5.3 million…
AV8 Ventures launches with $170M to invest in digital health, mobility and enterprise tech
The fund, headquartered in Palo Alto and London, is backed solely by German insurance business Allianz.
A record $2.5B went to US insurance startup deals last year, and big insurers are in all the way
Insurance policies are confusing as hell, but the basic business proposition is pretty simple. For policyholders, it’s a way to get paid if something bad happens. And for insurers, it’s…
Startups Weekly: Flexport, Clutter and SoftBank’s blood money
Plus, Pinterest is going public too, Lyft’s IPO is imminent and London is home to the largest pre-seed fund ever.
German insurance giant Allianz increases its VC fund to $1.1 billion
Allianz X, the venture capital arm attached to German insurance giant Allianz, has increased the size of its fund to €1 billion, around $1.1 billion, according to an announcement made…
Applying AI to insurance documents, omni:us raises its first Series A funding
Earlier this year omni:us, an AI-driven service which is able to process digital documents (some of which contain handwriting) by classifying them and extracting the valuable data, revealed it was…
Turo — the peer-to-peer car-sharing marketplace sometimes referred to as the ‘Airbnb of cars’ — is expanding to the UK. And this time, everyday car owners can actually use it.…
Go-Jek plans to raise $2B more for Southeast Asia ride-hailing battle
Indonesia’s Go-Jek is planning to raise $2 billion from investors to fuel its ride-hailing battle with Grab in Southeast Asia. Go-Jek raised $1.5 billion earlier this year from investors that…
Coya raises $30 million to launch its insurance service in Europe
Coya, a Berlin-based insurance startup, has raised $30 million in new cash as investors around the world continue to see opportunities in modernizing the insurance industry. Founded by two early…
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N26 raises $160 million from Tencent and Allianz
German startup N26 just raised a $160 million Series C round led by Tencent and Allianz — some of N26’s existing investors are also participating. The company has attracted 850,000 customers and raised $215 million in total. N26 is building a retail bank from scratch. The company plans to double down on everything it’s been…
Bima raises $97M from Allianz for microinsurance aimed at emerging markets
On the heels of Lemonade raising $120 million from Softbank for its new “peer-to-peer” spin on insurance services, another company aimed at disrupting the insurance market is announcing a major…
